Non Sequitur by Wiley Miller for March 08, 2022

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    Cactus-Pete  over 2 years ago

    Not really crypto, not really currency.

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    eastern.woods.metal  over 2 years ago

    Crypto is like playing “Liars Dice”. Its all fun and games until the music stops and the value disappears.

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    wallylm  over 2 years ago

    Next, he explains NFTs!

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    Baarorso  over 2 years ago

    I can’t even begin to understand Crypto and something tells me that i don’t want to undersrtand it.;-D d

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    C  over 2 years ago

    Crypto seems to be the new ‘program the time on your VCR’

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    Say What Now‽ Premium Member over 2 years ago

    He will then hypnotize them by explaining blockchain.

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    Mediatech  over 2 years ago

    Criptocurrency isn’t complicated. You give someone else your money, they give you nothing in return, and… That’s it.

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    Superfrog  over 2 years ago

    He’s going to need smoke, mirrors and a bigger hat.

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    Bilan  over 2 years ago

    Crypto-Currency: It’s for people who want money for nothing.

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    Concretionist  over 2 years ago

    If you think of it as a giant pyramid scheme, but WITH computers…

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    hariseldon59  over 2 years ago

    The Great Confoundo. Great name.

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    feverjr Premium Member over 2 years ago

    “When you invest in things, That you don’t understand, Then you suffer,

    Crypto-Currency ain’t the way…..” apologies to Stevie Wonder

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    Imagine  over 2 years ago

    Wow. He’s good.

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    sandpiper  over 2 years ago

    The old 3-card monte game shows up somewhere in every generation. Bitcoin is it for now.

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    zzeek  over 2 years ago

    Rather than making sense of crypto-currency to you with his explanation, he might caution you how it could make you centless.

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    Doug K  over 2 years ago

    When you know how it works (like how a trick is done), it’s not as amazing.

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    franki_g  over 2 years ago

    Why do a sense a parallel to the 1920’s when it comes to crypto, and fear we’re walking into another Black Tuesday?

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    Count Olaf Premium Member over 2 years ago

    And for my encore, I will make money disappear. Viola! Higher taxes! ta da!

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    NeedaChuckle Premium Member over 2 years ago

    Gee, I can’t handle REAL money so I will invest in FAKE money instead, what could go wrong.

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    Egrayjames  over 2 years ago

    Crypto-Currency works just like a pyramid scheme. Don’t think so? Wait.

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    dflak  over 2 years ago

    Crypto currency is like the stock market – it’s only worth what people think it’s worth. It’s like betting on public opinion.

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    The Old Wolf  over 2 years ago

    If I buy an NFT with cryptocurrency, nothing really happened, did it?

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    vaughnrl2003 Premium Member over 2 years ago

    Yes. Go on. I’m listening. (For the record I didn’t invest in the dot-com bubble either)

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    Redd Panda  over 2 years ago

    Maybe explain how gas can go up $2 in one day?

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    DM2860  over 2 years ago

    Just because “it makes sense” that does not mean that you have an accurate understanding of it.

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    Linguist  over 2 years ago

    Has anyone ever tried to cash out their millions in crypto-currency for real cash or fungible assets? Has anyone bought a house or a car with crypto-currency?

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    wdgnas  over 2 years ago

    Redd Panda: #1: speculators #2: the US exporting millions of barrels of oil and distillates per day…

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    rey-di-o-head Premium Member over 2 years ago

    CROOK-TO-CURRENCY…

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    Bookworm  over 2 years ago

    “I will get crypto-currency to make sense to you. This may take awhile.” /s

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    twclix  over 2 years ago

    There is nothing inherently special about government issued money when it has nothing to prevent its unlimited creation. The US has created more “money” in the last few years than it did in the past 200+ years. Nixon took us off the gold standard which prevented dollar inflation because gold is hard to find and extract.

    Think about it this way. Remember when long distance phone calls were expensive? Then we got “Voice Over Internet Protocol, or VOIP”

    Now look at email protocols. That’s messaging over Internet protocol, or email.

    Next look at HTTP, hypertext transfer protocol, which is information over Internet protocol, or the World Wide Web.

    Blockchains enable Money Over Internet Protocol.

    Money is what people think it is. Government money that has nothing behind it is prone to excess as people demand more from their government than they are willing to pay for. Cryptocurrencies are valuable because people have decided they are. The dollar is valuable because people have decided it is.

    Just because something is hard to grasp does not make it mysterious except to those who don’t make the effort to understand. But not understanding something doesn’t automatically mean that something is not worth understanding.

    How many here can explain an integrated circuit? How about Maxwell’s equations about electromagnetic phenomena? Can anyone here explain mass spectrometry?

    Fine, then. Here’s an easy one. Explain how to design and manufacture an iPhone.

    You use it, but don’t understand it.

    The same is true of money. We use it, but most people don’t understand what it is and how monetary systems work. Here’s a hint. You want inflation? Just create more money. That’ll do it. In fact that’s doing it right now.

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    monya_43  over 2 years ago

    There are advantages to being poor. Cryptocurrency is one thing I’m not concerned about.

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    mistercatworks  over 2 years ago

    It’s sort of a Ponzi scheme with digital smoke and crypto mirrors.

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    198.23.5.11  over 2 years ago

    If you can’t feel it,it ain’t real.

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    dwkiser28603  over 2 years ago

    is that even possible?

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    mindjob  over 2 years ago

    Next he’ll explain how wind and solar provide energy for the entire planet!

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    schaefer jim  over 2 years ago

    Finally some clarity on the subject, some but still fuzzy.

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    anomaly  over 2 years ago

    The value of the dollar is based on the value of the US economy. The value of crypto-currency is based on the collective value of the currency-holders; in other words, their portion of the economies they live in. A currency only has the value that people who trade in it give it.

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    Lola85 Premium Member over 2 years ago

    While he’s at it, maybe he could explain why people spend huge amounts of money on NFTs.

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    Ka`ōnōhi`ula`okahōkūmiomio`ehiku Premium Member over 2 years ago

    Forget it. It’s worse than Federal Reserve Notes.

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    DutchUncle  over 2 years ago

    The concept of crypto-currency makes perfect sense: being able to transfer money from one person to another in a completely trustworthy way with no intermediary knowing about the transaction, as if one person handed the other cash or traveler’s check. Of course someone has to be willing to translate the “play money” back into real money, like American Express traveler’s checks (for which they charged a percentage when one bought the checks) (and they were also making money on the “float” of having your real money for some period of time before they had to pay money back out to whoever you gave your check to). What does NOT make sense is the idea that one can “mine” or create value simply by running a computer. That’s the part that makes the rest of it look suspicious.

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    ajwaldtwo  over 2 years ago

    Understanding crypto-currency isn’t magic. It would be a miracle.

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    Charlie Tuba  over 2 years ago

    I don’t think that’s possible!

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    bluegrassfan  over 2 years ago

    crypto is like a cloud of smoke, one good puff and it is gone

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    bluegrassfan  over 2 years ago

    people want something for nothing, and crypto gives you nothing for something, like pulling a rabbit out of your a$$

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    LrdSlvrhnd  over 2 years ago

    Proof that cryptocurrency isn’t real money: Nobody says “I have 1 Bitcoins”, they say “I have $40K worth of bitcoin.”

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    willie_mctell  over 2 years ago

    NFTs too?

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    jimchronister2016  over 2 years ago

    Great illustration for the meaning of crypto, I wondered when you’d address that issue.

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    moondog42 Premium Member over 2 years ago

    It’s actually super simple: rich people invented a way to become richer by using computers in a totally legal way. It’s not fraud if you pretend each precious little crypto coin is unique in its own way!

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    betsypoe  over 2 years ago

    NFT’s next please..

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    wrenshaw  over 2 years ago

    Nevermind Crypto currency… explain NFTs to us!

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    Ed The Red Premium Member over 2 years ago

    Crypto is easy. It’s like if idling your car 24/7 occasionally produced solved Sudoku puzzles that you could then exchange for heroin.

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    MarshaOstroff  over 2 years ago

    ¡Feliz Día Internacional de la Mujer!

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    boltjenkins1  over 2 years ago

    Yes, please do!

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    keenanthelibrarian  over 2 years ago

    And for this gig, I will be paid in… hang on a minute … cryptocurrency!!

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    LeslieAnn Premium Member over 2 years ago

    cute bunny

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    GreyMouser  over 2 years ago

    Might as well go BitCoin (et al)…after all our US Dollar is total fiat money based upon absolutely nothing but good faith.

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    cwg  over 2 years ago

    First you make them pay more money up front, then you walk off stage with it.

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